Rally Ramblings

Thank god I don’t take my own advice too seriously during the trading day, TWM is down a hefty 5% in two days. As the market rallies, I’m not playing the short side, I don’t want to fight a rising 5 day moving average. EWM has been a solid performer over the last two days, and though commodities and precious metals sold off ~2%, they’re technically in good shape. I’m still long SLV, and I opened a position in DBA and DBC. I haven’t touched FXY yet, though once it finds some strength, I think I’ll be picking some up. Solar stocks might be showing life again, as are miners and energy in general. Let’s see if the SPY has enough legs to get above 1400, otherwise we can enjoy the ride down to the January lows.

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Charles Amadeus

As a freelance trader and media entrepreneur raised in NYC, my waking life revolves around the market. I've moved to the fair city of Seattle to speculate, edit photos, fix computers and play the ukulele. This space is an organizational tool for ideas on risk management, fundamental analysis, technical trading, quantitative edges and participant psychology.